Originally Posted by
Okie Play
Yeah, but profit sharing is based on a percentage of your qualified wages. So if you start in December you will be eligible for profit sharing but, you will only get 10-14 percent of what you worked for the entire year, ie. December. So, your profit sharing will equal a couple hundred dollars. Not that big of deal in the grand scheme of things.
That's not correct, you only eligible for profit share when you work a full calendar year. That's why posters are telling someone with a potential Jan class to try and get to Dec, if you start in Jan 2019, no profit share for any of 2019. If you start just a month earlier, in Dec 2018, full profit share for 2019. Could easily be a $6-12k difference in first year earnings depending on PS percent and how hard you work.